Kanika Ltd. has furnished the following information pertaining to its process account for the month of March 2026: Value of opening work-in-process…
CA Intermediate · Cost and Management Accounting · RTP · September 2026
Kanika Ltd. has furnished the following information pertaining to its process account for the month of March 2026: Value of opening work-in-process ₹10,020 Cost incurred during the month ₹1,14,180 Finished goods units 1665 Closing work-in-process 150 Closing work-in-process is completed to the extent of 40%. Costs are incurred evenly throughout the month. The Company uses weighted average method for flow of costs. What is the value of finished goods for the month of March 2026?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
(A) ₹1,19,880
Topics: Process & Operation Costing
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